CARBON ENERGY DRILLS

CARBON ENERGY DRILLS

 CARBON Energy (ASX:CNX) has commenced drilling at the company’s Bloodwood Creek UCG site as it strives to commercialise its UCG operations in Queensland.

Water and core samples will confirm conditions in the cavity, located in Queensland’s Surat Basin.

Carbon Energy CEO Morne Engelbrecht says the company’s UCG keyseam technology was developed with CSIRO to develop more environmentally friendly way of converting coal to energy.

“Today we commence the first step to demonstrate a commercial UCG operation can be operated in an environmentally safe way through application of Carbon Energy’s UCG keyseam technology,” he says.

CNX shares are trading up 11.11 per cent this morning at $0.02.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

The cost of not communicating: How Whispir’s tailored messaging tech lifts engagement
Partner Content
While it is common for businesses to haggle with suppliers over small price differences...
Advertisement

Related Stories

Administrators proffer alternative to liquidation for Probuild parent

Administrators proffer alternative to liquidation for Probuild parent

A Deed of Company Arrangement (DOCA) is the preferred way forward f...

Twiggy Forrest-backed intercontinental solar power project deemed ‘investment ready’

Twiggy Forrest-backed intercontinental solar power project deemed ‘investment ready’

The Australia-Asia PowerLink (AAPowerLink) project backed by the li...

Jetstar CEO to resign as Qantas Group recovery reaches cruising altitude

Jetstar CEO to resign as Qantas Group recovery reaches cruising altitude

Jetstar CEO Gareth Evans has today announced he will step down from...

Brisbane transit tech Bridj selected as official fleet manager of 2022 Commonwealth Games

Brisbane transit tech Bridj selected as official fleet manager of 2022 Commonwealth Games

A Software as a Service (SaaS) platform for fleet management servic...